JBT Corp. To Buy Tipper Tie From Dove For $160 Mln
JBT Corp. said it has signed an agreement to acquire Tipper Tie, Inc. from diversified global manufacturer Dover Corp. for $160 million, before customary post-closing adjustments. The transaction is expected to close in the fourth quarter of 2016.
Tipper Tie is a provider of engineered processing and packaging solutions, and related consumables to the food industry. The Apex, North Carolina-based company has four manufacturing locations around the world.
"The addition of Tipper Tie expands JBT's protein platform to include complementary packaging solutions, enabling us to offer even greater value to our customers. Tipper Tie's globally recognized brand, advanced technology, and relationships with major food processors in the U.S and Europe will prove critical as we grow the company's presence in Asia and Latin America," said Tom Giacomini, JBT's Chairman, President and Chief Executive Officer.(dpa)
Most read news
Other news from the department business & finance

Get the food & beverage industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents

How proteins can be produced without the need for animal husbandry or crop cultivation - Technologies for protein production: New ways to feed the world's population

FDA To Evaluate Potential Non-listed Food Allergens
A sweeter brew for all

Warm milk makes you sleepy — peptides could explain why

Japan Analytical Instruments Manufacturers Association (JAIMA) - Tokio, Japan

China’s crops at risk: Climate change boosts spread of crop pests and diseases

Making scents of aromas that differentiate beer and wine
